#📉Market Overview#

BTC: $60,937

ETH: $2,396

Fear/Greed Index: 39 (Fear)

BTC.D (Bitcoin Dominance): 57.86%

🎯 As we expected, Bitcoin continues its downward movement. We have reached the $60,500 level, and the next stop seems to be around $57,500. While bullish pullbacks are possible, we are likely to see a bearish week, and it is still moving within a downward channel.

✍️ Analysts point to additional factors that could affect the decline in the price of Bitcoin. One of them is the shrinking supply of stablecoins, especially the two largest dollar-pegged stablecoins by market cap - Tether (USDT) and USD Coin (USDC).

👨‍💻 Although the market may experience significant volatility in the near future, I find the prediction of Bitcoin reaching over $100,000 by 2025 to be very realistic.